ICE requests 13.7% increase in electricity rates for consumers

By Juan Fernando Lara

The Costa Rican Electricity Institute (ICE) requested an increase of 13.76% in electricity tariffs to the Regulatory Authority for Public Services (Aresep). The Institute argues that the adjustment is necessary due to increased energy purchases to private generators during 2015.

According to ICE, the adjustment would allow recover a shortfall of ¢ 26546.3 million. According to that entity, private participation in power generation increased from ¢ 65.734 million in 2014 to ¢ 103,840 million in 2015, equivalent to an increase of 58%, the institute said in a press release.

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